Disney Claims Control of Hulu Ahead of Disney+ Streaming Rollout
Pitchbook data reveals that $9.5 billion was invested across 27 M&A deals in the U.S. last week, 6 fewer deals and $75 billion less capital after outsized M&A activity in the week prior. Two deals – targets Cray and Hulu - were in the billion-dollar range. The Walt-Disney Company acquired full control of Hulu for $5.8 billion, after what once was joint ownership by Disney, 21st Century Fox, Comcast, and Time-Warner.
Five Firms Join U.S. Exchanges in Wake of Uber’s IPO
According to data from the New York Stock Exchange, the NYSE and Nasdaq had five companies go public last week, raising $3.8 billion cumulatively. The largest of the IPOs was Avantor, a provider of chemicals for healthcare companies, which raised $2.9 billion.
Retail Spending and Industrial Production Fell During April, While Housing Starts Climbed
Among economic news last week: